• Robinhood’s staking function just isn’t out there in 4 US states.
• Vlad Tenev expects the US to strengthen its place in crypto regulation.
• The CLARITY Act, which defines the jurisdictional boundaries between the SEC and CFTC, is scheduled to go up this Thursday.

Robinhood CEO Vlad Tenev believes the time has come for america to take a management function in crypto coverage. In his newest put up on X, Tenev decried the dearth of substantive guidelines guiding some facets of the U.S. cryptocurrency ecosystem, citing comparisons with different elements of the world.

Robinhood staking function

Tenev stated staking, certainly one of Robinhood’s most requested options, stays unavailable to clients in 4 U.S. states because of a scarcity of substantive insurance policies. He additional identified that whereas US customers shouldn’t have entry to inventory tokens, Robinhood clients within the EU are already having fun with providers associated to the product.

Tenev known as on the U.S. Congress to cross legal guidelines that shield clients and produce innovation to everybody. In the meantime, he declared assist for Congress’ efforts to cross a market construction invoice that displays an necessary milestone within the U.S. crypto policy-making course of.

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CLARITY Consumer Safety Act

The Digital Asset Market Construction Act, often known as the CLARITY Act, is a legislative initiative geared toward establishing a complete federal regulatory framework for digital belongings. If handed, the CLARITY Act would outline the jurisdictional boundaries of the SEC and CFTC to control cryptocurrencies.

It’s price noting that the invoice has since handed the US Home of Representatives and is awaiting decision within the Senate earlier than being handed. Not too long ago, pro-crypto Sen. Cynthia Rimis, a front-line supporter of the invoice, stated that the invoice’s bipartisan textual content markup is prepared and scheduled for this Thursday.

Within the meantime, Sen. Lummis appealed to his Democratic colleagues to maintain up the momentum and never again down from making an attempt to cross the invoice. In the meantime, Tenev’s put up displays his assist for the invoice, which he considers necessary for the event of the U.S. crypto sector.

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